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Cable Update (GBPUSD)

  • #647,881
  • Jan 10, 2022 6:36pm Jan 10, 2022 6:36pm
Quoting kris89
scalp sell 1.35860 sl just 10 pip , R:R 1:10
one inch to my SL almost be hitted xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #647,882
  • Jan 10, 2022 7:08pm Jan 10, 2022 7:08pm
selling above 3610 is preferred in London open
Intraday only.
  • #647,883
  • Jan 10, 2022 7:15pm Jan 10, 2022 7:15pm
Quoting Jolita
{quote} Ohh, really, first time I hear this. How this even possible? FX Market trades over 5 trillion dollars daily. Bank Algo programs not save, or the bankers did it themselves? 'The Bank Job' made remotely. Thanks
i heard of institution 'fat fingers'.
dealer keyed in wrong figures.
ITB - Seeing Orderliness amongst 'Randomness'
  • #647,884
  • Jan 10, 2022 7:20pm Jan 10, 2022 7:20pm
Quoting navk
selling above 3610 is preferred in London open
Looks like a buy already...good for at least 50 pips
  • #647,885
  • Jan 10, 2022 7:30pm Jan 10, 2022 7:30pm
Quoting Inthebox
{quote} i heard of institution 'fat fingers'. dealer keyed in wrong figures.
HFT machines are the closest to the exchange center, when the algo trigger in one of them, the rest respond in split second. no fingers involved
"the public is not yet ready for it" W.D. GANN
  • #647,886
  • Jan 10, 2022 7:38pm Jan 10, 2022 7:38pm
  • #647,887
  • Jan 10, 2022 7:41pm Jan 10, 2022 7:41pm
Quoting Kwt4x
{quote} HFT machines are the closest to the exchange center, when the algo trigger in one of them, the rest respond in split second. no fingers involved
that's only one perspective.
it happened before. who knows how they put through large clients orders. somehow you still need the human touch, someone to key in something.
Examples of Fat Finger Trading Errors
https://www.investopedia.com/terms/f...nger-error.asp
A few examples of fat finger trading errors include the following:

  1. A fat finger error was blamed for causing a 6% plunge in the British pound in 2016.
  2. A junior Deutsche Bank employee mistakenly sent $6 billion to a hedge fund in 2015 after incorrectly entering the “gross figure” instead of net value. Deutsche Bank retrieved the funds the following day.
  3. In 2014, a trader at Mizuho Securities accidentally placed orders for more than $600 billion in leading Japanese stocks; the price and data volume were entered in the same column. Fortunately, the majority of orders were canceled before they were executed.

ITB - Seeing Orderliness amongst 'Randomness'
  • #647,888
  • Jan 10, 2022 7:55pm Jan 10, 2022 7:55pm
Quoting Inthebox
{quote} that's only one perspective. it happened before. who knows how they put through large clients orders. somehow you still need the human touch, someone to key in something. Examples of Fat Finger Trading Errors https://www.investopedia.com/terms/f...nger-error.asp A few examples of fat finger trading errors include the following: A fat finger error was blamed for causing a 6% plunge in the British pound in 2016. A junior Deutsche...
Agreed, but we're talking about flash crash's, most happened in Asian market never London.
"the public is not yet ready for it" W.D. GANN
  • #647,889
  • Jan 10, 2022 7:59pm Jan 10, 2022 7:59pm
With lots of hiccups stiil continue up, next to confirm at 3603 though, next target 3654 + before now level again and ++likely continue. So only buy, better above previous top any new order though! Take care, fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #647,890
  • Jan 10, 2022 8:14pm Jan 10, 2022 8:14pm
Quoting Kwt4x
{quote} Agreed, but we're talking about flash crash's, most happened in Asian market never London.
the 6% gbp plunge was a flash crash.
https://money.cnn.com/2016/10/06/inv...xit/index.html
don't think it respects boundaries.
just one error in trillions of entries from anywhere can do enough damage.

anyway, watching gbpusd.
https://www.forexfactory.com/thread/...2#post13852612
ITB - Seeing Orderliness amongst 'Randomness'
  • #647,891
  • Jan 10, 2022 8:37pm Jan 10, 2022 8:37pm
after 2 good entries yesterday , i still holding 1 bad entry for short , but i believe it will go to be , then i will decide what to do
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yes yes yes
  • #647,892
  • Jan 10, 2022 8:37pm Jan 10, 2022 8:37pm
Quoting Inthebox
{quote} the 6% gbp plunge was a flash crash. https://money.cnn.com/2016/10/06/inv...xit/index.html don't think it respects boundaries. just one error in trillions of entries from anywhere can do enough damage. anyway, watching gbpusd. https://www.forexfactory.com/thread/...2#post13852612
true, good luck with GU
"the public is not yet ready for it" W.D. GANN
  • #647,893
  • Jan 10, 2022 8:38pm Jan 10, 2022 8:38pm
Quoting Kwt4x
{quote} Agreed, but we're talking about flash crash's, most happened in Asian market never London.
Exactly!!! That October 2016 flash crash happened in Asian market, another mini flash crash happened Asia Market Early January 2019... The question is why does it have to happen in Asia Market when the volumes are at thinnest... I have plethora of reasons to believe that exchange rates are fixed and heavily manipulated when traders least expect it. Never put money you cannot afford to lose into foregn exchange trading, as your stop loss may not save you if these manipulations want to happen.
Data + Stat + Risk/Emotions Management
  • #647,894
  • Jan 10, 2022 8:57pm Jan 10, 2022 8:57pm
Quoting Inthebox
{quote} i heard of institution 'fat fingers'. dealer keyed in wrong figures.
This is a coverup story to justify the bank´s Algo crazyness when squaring the rigging
POSTMASTER
  • #647,895
  • Jan 10, 2022 9:11pm Jan 10, 2022 9:11pm
Quoting Georginson
{quote} Exactly!!! That October 2016 flash crash happened in Asian market, another mini flash crash happened Asia Market Early January 2019... The question is why does it have to happen in Asia Market when the volumes are at thinnest... I have plethora of reasons to believe that exchange rates are fixed and heavily manipulated when traders least expect it. Never put money you cannot afford to lose into foregn exchange trading, as your stop loss may not save you if these manipulations want to happen.
my best guess is corrupt brokers in one of the Asian exchanges taking advantage of large cluster of stop losses, but who knows :/
"the public is not yet ready for it" W.D. GANN
  • #647,896
  • Jan 10, 2022 9:22pm Jan 10, 2022 9:22pm
Quoting Kwt4x
{quote} my best guess is corrupt brokers in one of the Asian exchanges taking advantage of large cluster of stop losses, but who knows :/
Maybe regulations issue. no mandatory investigation. All these techniques are design to protect specific lobbies like any other sector in practise and theory and must be accepted as big fish eats the small. Just life. My opinion
POSTMASTER
  • #647,897
  • Jan 10, 2022 9:24pm Jan 10, 2022 9:24pm
GU price don't move now, buy or sell ,it's a hard choice.
  • #647,898
  • Jan 10, 2022 10:01pm Jan 10, 2022 10:01pm
Quoting buddha-
What's wrong buddha ? Why are you crying ?
were you sell on GU ? where price ?
SU
  • #647,899
  • Edited 10:27pm Jan 10, 2022 10:16pm | Edited 10:27pm
you know i have stated my paranoya to being tracked and traded against by the Algo, well here we are back to my holy price 13603. If i win, the algo will be overloaded with longs and someone will have to pay the price. I could be the next one in his garage for what they call spoofing, so jail to me or maybe some other guy who just happens to be in the wromg place at the wrong time.
POSTMASTER
  • #647,900
  • Jan 10, 2022 10:27pm Jan 10, 2022 10:27pm
Good day and some humour to start the day
POSTMASTER
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